The Coxey Plan: Medium of Exchange Without Cost; Public Bonds Without Interest; Common Carriers Without Private Profit. A Cure for Hard Times. Steady Employment for Every Man at Good Wages

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J.S. Coxey, 1914 - 92 Seiten

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Seite 53 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Seite 75 - In addition to the above limited power to contract debts, the state may contract debts to repel invasion, suppress insurrection, or defend the state in war ; but the money arising from the contracting of such debts shall be applied to the purpose for which it was raised, or to repay such debts, and to no other purpose whatever.
Seite 82 - The design of this paper is to diffuse among the people correct information on all interesting subjects, to inculcate just principles in religion, morals and politics; and to cultivate a taste for sound literature.
Seite 92 - Congress has the constitutional power to make the treasury notes of the United States a legal tender in payment of private debts in time of peace as well as in time of war.
Seite 20 - Be it enacted by the Senate and House of Representatives in Congress Assembled: That the secretary of the treasury of the United States is hereby authorized and instructed to have engraved and have printed, immediately after the passage of this bill, five hundred millions of dollars of treasury notes, a legal tender for all debts, public and private, said notes to be in denominations of one, two, five and ten dollars, and to be placed in a fund to be known as 'The General County Road Fund System...
Seite 20 - ... all debts, public and private, said notes to be in denominations of one, two, five, and ten dollars, and to be placed in a fund to be known as the 'general county road fund system of the United States,' and to be expended solely for said purpose.
Seite 92 - ... 4 Wheat. 423. It follows that the act of May 31, 1878, c. 146, is constitutional and valid, and that the circuit court rightly held that the tender in treasury notes, reissued and kept in circulation under that act, was a tender of lawful money in payment of the defendant's debt to the plaintiff. Judgment affirmed.
Seite 20 - Section 3. Be it further enacted :. That all labor other than that of the office of the secretary of war, whose compensations are already fixed by law, shall be paid by the day, and that the rate be not less than one dollar and fifty cents per day for common labor, and three dollars and fifty cents per day for team and labor, and that eight hours shall constitute a day's labor under the provisions of this bill.
Seite 75 - ... hundred and fifty thousand dollars; and the money arising from the creation of such debts shall be applied to the purpose for which it was obtained or to repay the debts so contracted, and to no other purpose.

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